Middletown Fine Arts Center

Analysis

Middletown Fine Arts Center is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in February 1960, 66 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Middletown Fine Arts Center reported income of $464k and spending of $401k, spending 86% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $218k to $464k (+113%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Middletown Fine Arts Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Jazzmobile Inc ($464k), Actors Theatre Workshop Inc ($464k) and Fort Smith Music and Arts Festival Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 33% of the total. Other salaries and wages came to $151k. At year end it held assets of $1.0m against liabilities of $4,494, net assets of $1.0m. It reported 9 employees.